Expressions of Interest: Invitation to Potential Investors in a Hotel in the Hospitality Industry
The Industrial Development Corporation of South Africa Ltd (IDC) has an interest in a luxury boutique hotel situated in Rosebank, Johannesburg. The IDC is the controlling shareholder and wishes to divest from this entity either completely or partially. Interested parties are therefore invited to submit written expressions of interest to acquire the IDC’s equity stake in the business, either partly or in its entirety.
Interested parties must have adequate financial resources to fund the acquisition, as well as to fund any necessary capital expenditure and/or working capital requirements. Should the expression of interest be for a partial acquisition, interested parties will also be required to present their operating plan/strategy for the Hotel.
Interested parties are required to submit their expressions of interest and requests for more information to Tebogo Maoto ([email protected]), Nombulelo Magaqa ([email protected]) or Martin Potgieter ([email protected]), or at tel. (011) 269-3000.
All interested parties will be asked to sign a confidentiality agreement in order to protect privileged information, and then submit proposals or offers based on the information provided to them by the IDC.
All submissions and/or expressions of interests and requests for information must be received by the IDC on or before 30 November 2014 at noon.